Turkey’s Kardemir closed its rebar sales earlier today, August 19. It had opened its sales at a price of TRY 19,450/mt ($580/mt), excluding VAT, on Thursday, August 15. Sources report that a total of around 33,000 mt of rebar was traded, mainly due to the advantageous payment terms and the ongoing currency fluctuations.
The mill’s rebar price was close to the lower end of the workable rebar price range in the Marmara and Izmir regions which varies at $580-595/mt ex-works.